OfBusiness said that it has served over 700 customers, with a repeat rate of over 60%. It claims that it has achieved profitability at net contribution margin positive level by focussing on specific clusters, rather than focussing on building a pan-India presence.

The company is present in Tamil Nadu, Andhra Pradesh, NCR, Maharashtra and Odisha. It plans to expand to five more states, taking its presence to 30 clusters.

Founder Asish Mohapatra said, “Rather than a wide presence we have focussed on 10 clusters. Both construction and manufacturing are big sectors, and we wanted to go deep into the geographies we are in.”

Going forward, the company plans to set up a non-banking finance company (NBFC) subsidiary that will map customer data, specific products for SMEs and also lend to them. Currently, its has tie-ups with other NBFCs through which it provides loans to its customers.